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DDM vs UST

ProShares Ultra Dow30

DDMBNYSE Arca

ProShares Ultra 7-10 Year Treasury

USTBNYSE Arca

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

DDM0.95%UST0.95%

Avg volume · 30D

DDM 22.5×the volume

DDM185KUST8.23K

10Y return · a year

DDM +21.6pt

DDM+19.2%UST−2.4%

DDM vs UST Performance

Oct 29, 2021 – Oct 30, 2026

+68.8%DDM−32.1%UST

Oct 29, 2021 to Oct 30, 2026. DDM +68.8%. UST −32.1%. Use the arrow keys to read each point.0%25%50%Oct 2021Apr 2024Oct 2026
Expense ratio
DDM 0.95%
UST 0.95%
Fund size
DDM $507M
UST $16M
1Y total return
DDM +13.4%, better
UST −6.8%
Yield (12M)
DDM 0.98%
UST 3.49%, better
Holdings
DDM 34
UST 2
Avg volume (30D)
DDM 185K sh, better
UST 8.23K sh
NAV per share
DDM $62.99
UST $40.03
52W range

ETF.net Grade

DDM: Cost 51, Risk 79, Mission 92, Tradability 93, Holdings 53, Durability 79. UST: Cost 51, Risk 65, Mission not scored, Tradability 68, Holdings 47, Durability 65.
Pillar letters and Scores for DDM, UST, with each pillar’s weight
PillarDDMUST
Cost30% weightC51C51
Mission25% weightA92Not scored
Risk15% weightA79HigherB65
Tradability15% weightA93HigherB68
Holdings10% weightC53HigherC47
Durability5% weightA79HigherB65

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DDM and UST are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

DDM ranks 4th and UST 13th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 3AROMProShares Ultra TechnologyScore 71
  4. Rank 4BDDMProShares Ultra Dow30Score 69
  5. Rank 5BUSDProShares Ultra SemiconductorsScore 68
  6. Rank 13BUBTProShares Ultra 20+ Year TreasuryScore 58
  7. Rank 13BUSTProShares Ultra 7-10 Year TreasuryScore 58
  8. Rank 13BUXIProShares Ultra IndustrialsScore 58

Our read on each fund

ETF.net Research

DDMBProShares Ultra Dow30

USTBProShares Ultra 7-10 Year Treasury

In short

DDM The Dow dates to 1896. DDM is the only ETF built to double its daily move: 2x the Dow Jones Industrial Average, reset every single day, for 0.95% a year, running since 2006.

UST While ProShares' leveraged lineup chases tech and semis, UST takes the other side: 2x the daily move of the ICE U.S. Treasury 7-10 Year Bond Index, built with swaps and reset every day. A rate bet, not a stock bet.

Stated mandate

DDM The fund seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the Dow Jones Industrial Average.

UST UST seeks daily investment results before fees and expenses that correspond to twice the daily performance of the ICE U.S. Treasury 7-10 Year Bond Index.

Why people hold it

  • DDM The only ETF that targets 2x the daily return of the Dow Jones Industrial Average. Leveraged blue-chip exposure through one ticker, no margin account needed.proshares.com
  • Trading since 2006, and its day-to-day results have stayed close to the 2x daily target across nearly two decades of market cycles.proshares.com
  • Easy to get in and out of for a fund its size, and one of the strongest implementations in its peer group of leveraged bull funds.
  • The 0.95% fee sits near the typical charge for leveraged funds, and it is the standing rate, not a number propped up by a temporary waiver.
  • UST The rate play on a shelf full of equity funds: 2x the daily move of an index of 7-10 year Treasuries. ProShares calls it the only ETF targeting 2x that benchmark.proshares.com
  • Trading since January 2010, so the daily-reset machinery has run through more than a decade of rate cycles. Distributions come quarterly.
  • 0.95% net of a waiver through September 30, 2027 (1.24% gross): near the leveraged-category median, matching DDM's 0.95% and a touch above QLD's 0.89%, also waived to that date.
  • Ranks among the stronger implementations in a crowded leveraged peer group.

Worth knowing

  • DDM The 2x target resets daily. Hold for weeks and compounding takes over, so results can land well away from twice the Dow's move, especially in choppy markets.proshares.com
  • The Dow is price-weighted across 30 blue chips, so a high-priced stock swings it more than a far larger company does.spglobal.com
  • Sibling leveraged funds cost a little less: QLD charges 0.89% net of a waiver through September 30, 2027, against a 0.96% gross rate.
  • UST The 2x target resets daily, so over weeks or months the result can diverge from 2x the index move, and choppy markets widen that gap.proshares.com
  • A small, thinly traded corner of the leveraged shelf, so spreads can run wider than on the big 2x equity funds.
  • Exposure comes mainly from index swaps with large financial institutions rather than owning the notes outright, which brings counterparty terms into the picture.sec.gov

Full DDM profile⁠

Full UST profile⁠

DDM vs UST Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DDM vs UST Cost

Same expense ratio

$17,869

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DDM 0.95%

    $17,869

  • UST 0.95%

    $17,869

$10,000
30 years

Cost over time

  • DDM 0.95%
  • UST 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DDM $17,869UST $17,869

Year by year

YearDDMUST
10$1,678$1,678
20$6,322$6,322
30$17,869$17,869

Expense ratio

  • 0.95%DDM
  • 0.95%UST
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

DDM 32nd cheapest of 95 funds

UST 32nd cheapest of 95 funds

DDM vs UST Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DDM 0.98%
UST 3.49%, better
Payout (12M)
DDM $0.62
UST $1.40
Last payment
DDM $0.15
UST $0.31
Ex-dividend
DDM Sep 23, 2026
UST Sep 23, 2026
Paid on
DDM Sep 29, 2026
UST Sep 29, 2026
Frequency
DDM Quarterly
UST Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DDMQuarterly · 33 paymentsAll DDM payments⁠
One bar per payment. 33 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.04; Jun 21, 2017 $0.03; Sep 27, 2017 $0.04; Dec 26, 2017 $0.04; Mar 21, 2018 $0.03; Jun 20, 2018 $0.03; Sep 26, 2018 $0.06; Dec 26, 2018 $0.04; Mar 20, 2019 $0.04; Jun 25, 2019 $0.05; Dec 24, 2019 $0.07; Mar 25, 2020 $0.06; Jun 24, 2020 $0.0055; Dec 23, 2020 $0.02; Mar 23, 2021 $0.01; Sep 22, 2021 $0.0052; Dec 23, 2021 $0.05; Mar 23, 2022 $0.07; Jun 22, 2022 $0.04; Sep 21, 2022 $0.04; Dec 22, 2022 $0.12; Dec 20, 2023 $0.11; Mar 20, 2024 $0.12; Jun 26, 2024 $0.13; Sep 25, 2024 $0.14; Dec 23, 2024 $0.09; Mar 26, 2025 $0.13; Jun 25, 2025 $0.13; Sep 24, 2025 $0.15; Dec 24, 2025 $0.14; Mar 25, 2026 $0.16; Jun 24, 2026 $0.17; Sep 23, 2026 $0.15. Use the arrow keys to read each point.$0$0.502017202020232026YTD
USTQuarterly · 36 paymentsAll UST payments⁠
One bar per payment. 36 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.06; Jun 21, 2017 $0.13; Sep 27, 2017 $0.13; Dec 26, 2017 $0.17; Mar 21, 2018 $0.16; Jun 20, 2018 $0.19; Sep 26, 2018 $0.26; Dec 26, 2018 $0.35; Mar 20, 2019 $0.29; Jun 25, 2019 $0.17; Sep 25, 2019 $0.15; Dec 24, 2019 $0.28; Mar 25, 2020 $0.11; Jun 24, 2020 $0.11; Sep 23, 2020 $0.09; Dec 23, 2020 $0.08; Mar 23, 2021 $0.05; Jun 22, 2021 $0.07; Sep 22, 2021 $0.02; Dec 23, 2021 $0.04; Dec 22, 2022 $0.22; Mar 22, 2023 $0.20; Jun 21, 2023 $0.60; Sep 20, 2023 $0.39; Dec 20, 2023 $0.40; Mar 20, 2024 $0.43; Jun 26, 2024 $0.38; Sep 25, 2024 $0.29; Dec 23, 2024 $0.59; Mar 26, 2025 $0.31; Jun 25, 2025 $0.30; Sep 24, 2025 $0.40; Dec 24, 2025 $0.57; Mar 25, 2026 $0.19; Jun 24, 2026 $0.32; Sep 23, 2026 $0.31. Use the arrow keys to read each point.$0$0.502017202020232026YTD

DDM vs UST Risk

Fall from peak · 5 years

  • DDM
  • UST
Oct 29, 2021 to Oct 30, 2026. Worst fall: UST −42.3% · Oct 2023. Use the arrow keys to read each point.−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DDM 24.6%UST 13.4%, better
Return per unit of riskSharpe ratio, 3 years
DDM 0.96, betterUST 0.03
Worst fallMax drawdown, 5 years
DDM −40.2%, betterUST −42.3%
Market sensitivityBeta, 5 years
DDM 1.74UST 2.32

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